Friday, October 16, 2026

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USD/INR bid, eyes 62.50 next

USD/INR risks continues to spike towards 62.50, expected to open around 62.35 Stops hit on break above 62 yesterday - RBI said excessive INR gains undesirable Good buying in NDFs overnight by leveraged, profit-taking by …

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/INR risks continues to spike towards 62.50, expected to open  around 62.35

  • Stops hit on break above 62 yesterday - RBI said excessive INR gains undesirable

  • Good buying in NDFs overnight by leveraged, profit-taking by hedge funds cap

  • 1month traded 62.57-62.76 range, ended 62.68-62.71 in NY 

 

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By FxWirePro Team